a. How a company generates the cash it brings in and how it spends its available cash (what does the company buy with its cash)
a. How a company generates the cash it brings in and how it spends its available cash (what does the company buy with its cash) is the subject of which statement?
| Statement of Other Comprehensive Income. |
b. A machine that is purchased with an estimated useful life of 5 years is said to be a capital asset. When the purchase of this asset is recorded into the accounting records, an increase would be recorded to which of the following accounts?
Property Plant and Equipment |
c.
Mary was in the business of raising, and selling sheep. Mary had several little lambs, 15 ewes, and 5 rams. In Marys accounting system, these animals were which of the following: